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Trouble Shooting Logic Choice Analysis Down Side Risk Presented by:

Trouble Shooting Logic Choice Analysis Down Side Risk Presented by:. 1. Choice Analysis Choice Statement Defines the outcome Contains Action, Object, Key Qualifier(s) Criteria Results expected Resources to invest or conserve Internal & External Constraints Mandatory Criteria

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Trouble Shooting Logic Choice Analysis Down Side Risk Presented by:

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  1. Trouble Shooting Logic Choice Analysis Down Side Risk Presented by: 1

  2. Choice Analysis • Choice Statement • Defines the outcome • Contains Action, Object, Key Qualifier(s) • Criteria • Results expected • Resources to invest or conserve • Internal & External Constraints • Mandatory Criteria • Measurable • Realistic Limit • Desirable Criteria • Options • Down Side Risk Make Final Choice ROI DSR 

  3. Final Thoughts about the Choice Statement Once you have a Choice Statement the choice is already made....the only thing left up in the air is, “Which one?” A poorly thought out Choice Statement can get you the very best of something you either don’t want or don’t need! If you always do what you always done you’ll always get what you always got! 3

  4. Audit Criteria • Does each Criteria mean the same thing to everyone? • Are all Mandatory Criteria Measurable with a Realistic Limit? • Has the limit of each Mandatory Criteria been “stretched”? • Where appropriate has a Mandatory Criteria sponsored a Desirable Criteria? • Are there any “basket” criteria…and…but… • Are there and “double valued” Criteria? • Do all the Criteria truly relate to the Choice Statement? • Are any of my Criteria really Options? • Are all interested parties Criteria included in the list? • Is the list of Criteria balances short term vs. long term? • Based upon the “Audited list of Criteria” should the Choice Statement be revisited? 4

  5. Buy best new family car • M Cost no more than $25,000.00 • 5 Maximum gas mileage • 8 Has a good repair record according to CU • M Capable of towing a 2500-pound trailer • 10 Seats four adults comfortably • M Fits into a 17' garage so the door will close • 3 Maximum luggage space • 10 Has good acceleration • 8 Minimum cost 5

  6. Determine Down Side Risk Identify the risks inherent in each Potential Choice Get out the information Envision that you have made the choice. then ask, “If this event happens, then what is the Impact?” 6

  7. Determine Down Side Risk Assess the Probability of the event occurring and its impact if it does on a High (H), Medium (M), Low (L) scale for each 7

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  9. Final Choice Family Special ROI DSR  9

  10. Trouble Shooting Logic Choice Analysis Down Side Risk For more information, or to schedule a workshop, contact: Toll Free: (800) 211-0871 www.FirstStepsTraining.com 10 10

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